1. From a macroeconomic perspective, consumers benefit from international trade, but from the view of industries at a comparative disadvantage:

A. employment in those industries is likely to grow. B.profits will likely rise. C.both employment and profits in those industries will likely rise. D.individual workers in those industries are likely to lose their jobs.

2. Which of the following market structures will have lower prices in the long run than monopoly, ceteris paribus?

Perfect competition, oligopoly, and monopolistic competition.

Perfect competition, but not oligopoly or monopolistic competition.

Perfect competition and oligopoly, but not monopolistic competition.

Oligopoly and monopolistic competition, but not perfect competition.